Let players at slips 1, 2 and 3 be a, b, and c, respectively.
Let the speed of the ball be m.
The trajectory of the ball is not specified in the question. But let's take it as straight line.
The distance between the 1st and 2nd slips is the same as the distance between the 2nd and 3rd slips.
The length of 'ab' = The length of 'bc'. It implies Xb is the median of triangle Xac.
It takes 3 sec, 4 sec and 5 sec for the ball to reach a, b and c, respectively.
Hence, Xa = 3m, Xb = 4m and Xc = 5m.
Using Apollonius's theorem,
$2\times\ \left(\left(4m\right)^2+\left(ab\right)^2\right)=\left(3m\right)^2+\left(5m\right)^2$
$16m^2+\left(ab\right)^2=17m^2$
$ab=m$
Hence, $ac=2m$
Using the properties of triangle, the sum of two sides should be greater than the third side,
But, Xa + ac = Xc
3m + 2m = 5m.
Hence, this arrangement is not possible.
As this question has ambiguity, XAT officials awarded full marks to all candidates for this question.